Esure
Ageas committed to broker market as Middle doesn’t rule out pet product
Ageas is committed to the broker market following the Esure deal, UK CEO Ant Middle confirmed, as he hailed the opportunities from its infrastructure and technology stack.
Ageas CEO Middle reassures brokers after Esure deal
Ageas will keep its focus on growing with brokers, CEO Ant Middle committed, as the Esure takeover creates a “balanced” portfolio with 50% of business still through the broking channel.
Ageas claims ‘number three’ UK personal lines position with £1.3bn Esure deal
Ageas has reached an agreement with Bain Capital to acquire Esure to create what it claims is the third largest UK personal lines player.
Deal-linked Esure swings back to profit
Motor and home insurer Esure, previously touted as takeover target for Ageas, Allianz and Aviva, moved back into the black in 2024 with a £57.7m post tax profit reversing a loss of £60.1m the year before.
Aviva and Allianz rumoured to be weighing up Esure bids
Both Aviva and Allianz are among potential bidders should Esure be put up for sale by its owners Bain Capital, according to a report by Bloomberg.
Ex-Esure, L&G and Direct Line boss Peter Graham joins Markerstudy
Former CEO of Esure Peter Graham has been appointed as non-executive chairman (designate) of Markerstudy Insurance Services.
Esure owner Bain eyeing up sale – report
Esure is possibly up for sale, as private equity firm Bain Capital has lined up advisors, according to Reuters.
Esure posts trading and post-tax losses for 2023
Esure swapped a trading profit of £49.8m in 2022 for a loss of £16.7m last year, the insurer has confirmed.
Esure and PIB investor Bain Capital raises $1.15bn for new insurance M&A arm
Esure and PIB Group investor Bain Capital has announced the final close of its inaugural private equity fund, Bain Capital Insurance Fund, LP at $1.15bn (£890m), above its initial target of $750m.
Esure posts £29.1m loss as tough market conditions bite
Esure chief executive David McMillan explained the swing from a £7.7m post-tax profit in 2021 to a £29.1m loss in 2022 as being caused by significant claims inflation, increased weather-related home claims and a weak pricing environment.
Esure posts loss of £7.1m for 2021
Gross written premium also slipped to £807.6m for the full year 2021.
Pikl teams up with Esure and Sheila's Wheels
The sharing economy start-up has signed a distribution deal with the providers.
People Moves: 26-30 July 2021
Keep up to date with the latest people moves in the insurance sector.
Ghost broker sentenced for selling fraudulent Esure policies
The fraudster had previously pleaded guilty in June this year to fraud by false representation, money laundering, forgery and to the offence of being an unauthorised broker.
People Moves: 18 - 22 January 2021
Stay up-to-date with the latest personnel changes in the world of broking and insurance.
People Moves: 23 - 27 November 2020
Keep up-to-date with the latest market moves.
Sir Peter Wood steps down from Esure
Wood founded the business in 1999 and sold a majority stake to Bain Capital in 2018.
People Moves Round-up: 6-10 January
Keep up to date with the latest market moves.
People Moves Round-up: 25-29 November 2019
Keep up to date with the latest market moves.
Go Compare owner in £120m refinancing
Both the credit facility and four-year term loan included in the refinancing can be extended for an additional year.
Direct Line founder Peter Wood sets sights on broker Pikl
The on-demand property broker, which focuses on the sharing economy, has raised £2.5m in a funding round led by Peter Wood and Esure.